Avidbank (OTCMKTS:AVBH) Stock Price Up 0.2%

Avidbank Holdings, Inc. (OTCMKTS:AVBH)’s share price was up 0.2% during mid-day trading on Monday . The company traded as high as $20.73 and last traded at $20.73. Approximately 1,600 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 8,519 shares. The stock had previously closed at $20.68.

Wall Street Analyst Weigh In

Separately, Stephens lifted their target price on Avidbank from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, July 25th.

Avidbank Stock Performance

The stock has a 50-day moving average of $21.11 and a 200-day moving average of $18.99. The firm has a market cap of $161.13 million, a price-to-earnings ratio of 6.23 and a beta of 0.74.

Avidbank (OTCMKTS:AVBH) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $18.55 million for the quarter, compared to analyst estimates of $19.61 million. Sell-side analysts predict that Avidbank Holdings, Inc. will post 2.83 EPS for the current fiscal year.

About Avidbank

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties. The company offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.